Augusta Gold Corp (AUGG)

[southern belle]

hey PennyStock, it is all good from what I am finding on BFGC, the more we can find and post the more and better understanding new investors will have

Bullfrog's lease and option with Barrick was signed on March 23, 2015 and includes 6 patents (two of
which cover the southwest half of the M-S pit); 20 unpatented claims that cover the northern one-third of
the main Bullfrog deposit and 8 nearby mill site claims. Bullfrog also has access to Barrick's substantial
data base and the agreement includes all Barrick's water rights appurtenant to the property. To maintain
the lease and option, Bullfrog must spend $1.5 million within five years on the Barrick properties and then
pay Barrick 3.25 million shares of Bullfrog stock while providing a 2% gross royalty on production from
the Barrick properties.
Overriding royalties of 5% gross proceeds are limited to three claims and two patents in the main Bullfrog
pit area. Barrick has retained a back-in right to reacquire a 51% interest in the Barrick properties, subject
to definition of a mineral resource on the Barrick properties meeting certain criteria, and reimbursing
Bullfrog in an amount equal to two and one half times Bullfrog's expenditures on the Barrick properties.